Crypto Analyst Dark Defender Forsees Bullish Times for XRP Ahead

Crypto Analyst Dark Defender Projects XRP’s Skyrocketing Future

Well-known crypto analyst, Dark Defender, renowned for his pseudonymous identity and expert predictions, has returned with an even more optimistic forecast for XRP. This time, he sees the cryptocurrency’s value soaring to new heights, far beyond his earlier predictions.

Targeting A Stellar $5.85 All-Time High

On X (the platform formerly known as Twitter), Dark Defender shared his latest analysis on XRP’s trajectory. This new projection sees the digital asset’s value increasing by a staggering 1,100% to reach the impressive benchmark of $5.85.

To give some context: a noteworthy point in XRP’s recent history was its Doji close in September. A Doji, for those unfamiliar, refers to a scenario where a digital asset starts and ends the month at almost the same price. In XRP’s case, the cryptocurrency initiated September at approximately $0.511 and concluded at around $0.516. This tiny variation denoted the formation of a Doji.

Dark Defender perceives this Doji as a positive omen, suggesting a potential short-term rebound to $0.66 for XRP. The cryptocurrency has already surpassed the initial resistance outlined in the analyst’s chart. However, the imminent challenge lies at the $0.55 mark. A leap beyond this point, according to Dark Defender, would propel XRP’s momentum, positioning it above the weekly Ichimoku Clouds—a bullish sign.

A Revision of Former Projections

Dark Defender’s bullish stance on XRP is not a new sentiment. Back in August, he proposed a similar optimistic trajectory, hinting at a surge towards the $3 mark, which was based on the wave trend. Fast forward to the present, and the analyst’s new forecast places XRP at an even loftier potential peak of $5.85. The first hurdle to realizing this prediction lies at the $0.66 mark. Upon overcoming this, XRP’s subsequent surge could reach $1.33.

It’s essential to note that the analyst’s charts project as far ahead as 2026, indicating that this astronomic price peak could materialize in the upcoming bull market within a 3-year timeframe. Though XRP’s performance might not have mirrored the success of other leading cryptocurrencies, it still maintains its position as the 5th-largest cryptocurrency, boasting a market capitalization of $27.9 billion. Currently, it has witnessed a 5.74% appreciation over the past week and is priced at $0.523.

Hi all. We set a historical pattern 3 months back & this week, #XRP stands fantastically at the same price level now.

I know it sounds crazy but check below.

The wave trend indicates we can still touch $0.58 & hit $3 (NFA) in the same week, says historical pattern.

Jeez. pic.twitter.com/byPwgriN8c

— Dark Defender (@DefendDark) August 14, 2023

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